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Search Results 69 to 111 of about 135 (some duplicates have been removed)
. but obviously grover ain't going to do that because we can get someone like warren buffett to be -- perhaps we can get somebody like warren buffett to be the new anti-grover norquist guy. let's make a pledge to warren buffett. how about that one. >> announcer: this is the "bill press show." >> bill: hey, good morning everybody. welcome to the "full court press" here on current tv. this tuesday morning. november 27. so good to see you. thank you for joining us here on the "full court press." as we tackle the big stories of the day. tell you what's going on here in our nation's capital. around the country around the globe and take your calls, of course. you're part of the conversation. we'll hear from you. how about this. with less than a month since president obama's re-election people are already talking about 2016 and here's the good news. newt gingrich yesterday said that he will seriously consider running again. keep your fingers crossed. i mean he made such a total ass of himself this time around, we can only hope tha
, something warren buffett pointed out. you don't need to change your philosophy just because we cliffed you. long term it might not matter. not all of you share his sangwin multi-year view of stocks. he can afford to take the long view. if we take the plunge over the cliff, it can cost everyone $2 million, makes everyone pay more in taxes. i don't really want to have this gear. the president said today he thought a deal could be done by christmas. the speaker of the house said he's optimistic a compromise could be reached. i wear this pin every night in in part because i genuinely believe it is not a lost cause. tonight business leaders in washington are urging a deal. people who are not really known as pals of the president. the president also bringing his pressure to bear on small regular people, regular folks. i'm old enough to remember when it meant my parents. he's turned to twitter to talk about the evil kwonss of cliff jumping. let me tell you, why all this talk may end up being nothing but big hat and no cattle. what we're seeing now is something which was supposed to be totally dra
when you're a small business like i am -- neil: you're not a small business. you ara warren buffett with long-haired if you reach a point where you get to 75%, which is being tossed aroun there, how can you keep your employees? at some point when you're not making any profit. neil: a lot of what you say, it is 35% right now, that what you're saying, you bring in up to 39.6% under clinton. i might be able to live without. i might not. is their level of crunching the numbers? you are pretty good at math? >> i am maied to a canadian and i can always run to canada. [laughter] he has dual citizenship. neil: may be billionaires are not focung on jobs because they are focusing on their love lives or their lack of one. how the grinch are stiking out these days. it could be a real beach for it could bthe boys usech for capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their y got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can tually u
're not a small business. you are a warren buffett with long-haired if you reach a point where you get to 75%, which is being tossed around there, how can you keep your employees? at some point when you're not making any profit. neil: a lot of what you say, it is 35% right now, that's what you're saying, you bring in up to 39.6% under clinton. i might be able to live without. i might not. is their level of crunching the numbers? you are pretty good at math? >> i am married to a canadian and i can always run to canada. [laughter] he has dual citizenship. neil: may be billionaires are not focusing on jobs because they are focusing on their love lives or their lack of one. how the grinch are striking out these days. it could be a real beach for jobs. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card
's a shift. warren buffett says raise tax rates on incomes over a half million dollars, that's a shift. but the president and democrats are not moving and they still say raise tax rates on the rich. on-line shopping, a very big winner and very big for retailers. 13% better than last year overall. today, on-line sales may run close to 2 billion dollars. will it last through the holidays? we've got another north african economy in absolute chaos. egypt torn by rioting after morsi takes dictatorial powers. they really need our money now. watch out, everybody, "varney & company" is about to begin. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement peopl who are paid on sary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> as we said, call it a cave. call it a shift. call
secretary? >> who? >> warren buffett was interviewed on charlie rose and asked -- remember we asked him and he was erskine bowles. on charlie rose, he said the perfect person would be jamie dimon. >> wish i would have heard that before he came on. >> jamie's not going to do that, is he? >> i don't think james pie will that. i still think in this environment, i don't think the president is ready to take on -- >> they don't see eye to eye on a lot of things. he wouldn't even talk about how he really feels. >> last january he was on with you you from davos and still a democrat barely was his wording on it. but he'd also like to have someone who understands the markets. >> get around all the free market stuff, completely abolish free markets? >> if europe become as big issue, if something rises up with the bond markets -- >> that was the point warren buffett made. he said if you want someone who understands the markets and the turmoil that we'll be in. and also they even talked about the london whale and what that meant. >> probably won't be a bankster this time. we had a guy who ran a meta
incumbent wealth. if you take the wealth of two admittedly hugely rich people, bill gates and warren buffett, their wealth is equal to the collective wealth of the bottom 40% of the income distribution in the united states. two got a very cool to the bottom 1 twenty million americans. that is pretty big. interestingly, this was a surprise. i sold my book to the publishers in september of 2008 just before the financial crisis and then the crisis happened and many people were sad and i had a particular reason for sorrow because i thought the entire premise of my book is gone. the superelite is over. this financial crisis has happened, surely this system is going to change completely and these superfortunes will be wiped out and there will be a real calibration. i wrote a new book proposal. but after six months i was talking to my publishers and we said actually, that proposal is still going to work. the data of borne that out. i would like to talk about it as the 1% recovery. if you look at -- it is true. if you look at the economic recovery, the numbers in terms of income distributions in 200
, i think warren buffett also suggested to raise it to $500,000, not $250,000. so that could be more palatable, too, to upper middle class people. they'll get a break up to $500,000. but it's very hard once you hit the million-dollar bracket to say, oh, no, no, we're going fro text those people. clearly these republicans are seeing the same poll numbers that obama is seeing, that this is not where the american people are right now. >> it's interesting you bring up the poll numbers. keith, let me bring you in on these. we know a exit poll combines. our first read team points out a republican pollster david winston says 61% say the better way to raise revenue is closing loopholes and reforming the tax code and they're seeing some republicans look at that particular poll over the one we've ma jorlly talked about, which is the exit polling. >> i wonder if these are the same republican pollsters who said romney is going to win in a landslide. >> touche, touche. >> you have to take this with grain of salt. the reality is the american people knew what barack obama was running for when he wa
people like warren buffett are willing to do that. it seems to me that's the price of admissions. if the only thing they mean when they say deficit reduction is cutting entitlements. it's about cutting entitlements. >> the same guys at the trough for a bailout are now experts on what we ought to do with entitlement programs in this country. i find that amazing. then mr. blankfine throws a scenario. people don't have 25-year careers. they have 40-year careers. and construction people when they get in their early 50s and worked for 30 years, their bodies are broken down. >> exactly. >> what are they supposed to do? hang around for another 15 until medicaid shows up? they are paying lip service. it's romney 2.0. that's all it is. so what should liberals in this country be prepared to accept at this point as you see it? >> i really think that we should go back to the clinton rates, which are still lower than they should be. that's where we ought to start. if people want to talk about tax reform, let them get specific. because there are certain forms of so-called tax reform that could
that extends the bush era tax cuts or those making more than $250,000. >> billionaire warren buffett, an obama ally, again with a rate hike on the rich. calling in "the new york times" for a minimum tax on the wealthy. 30% of income between 1 million and $10 million. 35% above that. republicans insist any deal on tax hikes has to come after a commitment to control spending on medicare and social security. adding to the drama, the white house warned the strong start to holiday roadway tail steals could be spoiled by fears of tax hikes. holiday cheer and a reminder. five weeks until l the fiscal cliff. i'm steve handlesman, nbc news, capitol hill. >> a tense standoff in egypt between mohammed morsi and the nation's judiciary branch. they want to lessen tension in cairo. they canceled a massive rally that was planned for tomorrow. at today's meeting was a bid to resolve a four-day crisis that has plunged the country into turmoil. clashes have left one protester dead and hundreds of people wounded. >>> amateur video shows rebels. they were able to seize dozens of boxes of ammunition from defeated
,000? that is a negotiating point. if eric cantor said don't talk to me about raising rates that would be wrong. warren buffett says $500,000 should be the threshold. why is the president saying it's $250,000 or i am not signing it? >> kimberly: it's campaign promises. that is his political ideolog ideology. instead of what is best for the country. >> eric: put you on the spot -- >> kimberly: the math shows it won't make a difference. why is he doing it in any way? because he said he would. not good enough reason. obligation to the country. >> bob: he said he wouldn't allow tax cuts to go for people making that money. i think that between that and entitlement reform you will get a deal. >> eric: let me ask this question. i call grover norquist, what is going on here? he said read between the lin lines. only when democrats put up their end of the bargain they would negotiate. if they do, they can change the rate and close a loophole and they will violate a no norquist pledge. should they? violate the pledge they won on and run on and may change the tune. >> dana: i never liked pledges about anything. i
o'donnell has more from new york. >> good morning. ahead we have billionaire warren buffett with his advice on what will half if we go over the cliff. oprah winfrey sits down for a long conversation with david letterman after refusing to talk to him for 16 years. and rick warren coming up. >> that letterman thing was done at ball state in indiana? >> it was. they were supposed to talk for an hour, instead they went an hour and 45 minutes. a really wide ranging conversation. >> i bet that's great stuff. >> should be interesting. thank you. remember, "cbs this morning" starts at 7:00. >>> we have been hearing the weather word all morning long and it does not look good. a lot of water coming our way. >> there really is. it's the biggest most extended rain that we have had in a long time in the bay area. it doesn't begin today but when it starts tomorrow, man, you will know it. out the door, we have some widespread fog but not as dense as yesterday. mostly cloudy skies for the bay for the remainder of your tuesday, we can seat bay bridge today but in the weather headlines we'll increase
is that revenue going to come from? >> increasing tax rates is going to harm economic growth. >> warren buffett was out this morning talking about tacking the wealthy. >> time to make the tax rates more progressive. >> that's just silly. >> grover norquist, he wanted ground government in the bathtub. i hope he slips in there with it. >> medicaid, social security. >> this is not part of the conversation. we're not going to raid social security. just another fight in washington. >> there's going to be blood and hair and eyeballs all over the floor. >> i'm more positive than most. >> if not, we go off the supposed cliff. >> the fiscal cliff or slope. the bump of various height. >>> thelma and louise might need to make room in the car for the president of the united states. at the white house today, senior obama administration officials met with liberal leaders and union officials. "the washington post" reports that one told him after the meeting, quote, would the white house go off the cliff if it's between that and compromising their core principles? i was left with the impression that they would
estimates. warren buffett said 15.5% yesterday is coming in as revenue. i have heard lower figures. that is the reality of what has happened. we have seen a decline in tax revenue and an increase in spending for a variety of reasons. if we are serious about deficit reduction, we have got to move back the golden 19.6%. abouttalk for a minute what has happened. the chairman of the appropriation committee. let's take a look at where the art today compared to where we were in fiscal year 2001 when the federal government ran a $128 billion surplus. compared to the 2001 figure, we are spending less on non- security concessionary spending than we were. the growth in spending has not been in the non-defense discretionary. the cost of security programs in that same time period has gone up 60%. the cost of mandatory programs is up 30%. i want to call your attention to one aspect progressives need to remind people. of the $1.50 trillion already in spending cuts, $900 billion comes from spending. we have given far more than when it comes to defense side. let's talk about those for a minute. th
in the bank. he doesn't need a union for rich people. if he feels that way and warren buffett and these guys feel that way get your checkbook and show us what occurs. stuart: to fire about patriotic millionaires, a lot of people fired about the facebook page. we told you we were going into triple digits. the dow is up 100 points and there is light volume today. big money people can move the market and apparently, let's go to robert gray. robert: the tech outpacing the broader market. tech stocks in the s&p down leading the charge and it is down below $9 with a disappointing earnings just a week ago and certainly ramping into the black holiday and shopping for electronic gadgets. michael dell said the windows 8 launch last month, giving consumers a real reason to upgrade in several years. the touch screen technology, convertible and hybrid, basically tablets', laptops at the same time to have a built in keyboard, this new technology is a new wow factor for the holidays. stock we should remind you down 35% year to date but it is up 7% this week alone. dave: back to neutral. thank you very much
had warren buffett on the show yesterday. warren buffett said raising the top marginal tax rate to 39.6% wouldn't catch any of the top income earners in america. that it would not impact them at all. now why shouldn't republicans be focusing on that, the real political battle in washington today, instead of focusing on a battle they know they're going to lose, against a woman of color after they just got shellacked in the polls among people of color and females. why are they doing this? and, andrea, a bigger question, as we go to a new congress, is john mccain going to continue to have the disproportionate impact that he has on foreign policy in the republican senate caucus? mika and i talked to so many people over the past two, three years that say we want, republican senators, we want out of afghanistan but, you know what, we just sort of stay out of john's way. how many times have we heard that? >> a lot. it's disturbing. >> we hear it all the time. they stay out of his way. are they going to blindly follow and, again, i love and respect senator mccain, but i don't want my party to
the people who initially are going to get, teresa heinz kerry, warren buffett, people who have massive amounts of money. they're hit the hardest, right? >> absolutely. the proposal i wrote had an exemption for households up to $500,000 in wealth that, is exempting 80% of american households right there. >> how did you draw that line? i can imagine there is all kinds of cheating that is going to happen around that line. or even on the bentley. people are going to say it has dents and not worth very much money. how do you avoid that? >> we have a lot of cheating right now with income tax. so we might to have a higher exemption. we might to have to have slightly higher rates. i think overall fighting wealth inequality is so important. it is really wealth, not income that, affects your access to opportunity and our wealth inequality is so extreme that it's hurting our living standards in the long run. >> and 500,000, that was an arbitrary number. why did you pick that? >> well, like i said, it already exempts about 80% of american households. if you want to make a dent in inequality, you h
kerry, warren buffett, that's who will be hit the hardest? >> absolutely. the proposal had an exemption of proposals with up to $500,000 in wealth. that exempts most households right there. >> how did you draw that line? even on the bentley, people will say it has dents and it's not worst much. how do you have that? >> we have a lot of cheating with income tax and with a wealth tax, i'm sure people would try to cheat on that as well. we might have to have high slightly higher rates. but fighting wealth in equality is so important, bought that's what affect your opportunity and our wealth inequality is hurting were living standard in the long run. >> 500,000, why did you pick that? anything under that, you won't get taxed, above it, you are. >> it already exempts about 80% american households. if you want to make a debt in inequality, you have to have a progressive tax system, and this is a way to do it. >> let us know what you think. trying to be proactive here and help solve the problem. help those guys in washington now. >>> israel why and gaza are claiming the cease-fire as a victory
that are starting to be built. so is the recovery real? warren buffett, the celebrated investor and the world's richest men says, yes. >> we have a large real estate brokerage firm. we have building supply companies. and we're seeing prices moving up somewhat. we're seeing demand improve. we're seeing the overhang of houses diminish. we're coming back. >> on the other hand, the former federal reserve chairman allen greenspan told me don't get excited yet. >> what's happening is real. it's slow. but we can exaggerate how big it is. but it's going, certainly going in the right direction. >> joining me now is chris maier from columbia business school. jonathan miller is the president and ceo of estate appraisal and consulting firm miller samuel. median home prices have risen for eight months in a row. the case schiller 20 city index up is five months in a row. you say don't look at the prices so much. >> i think looking at housing prices is the worst thing to look at. i think you want to look at activity levels. the reason we're seeing prices uptick is we're seeing foreclosure activity at a ligh
very much. >>> al sharpton, here is the issue. warren buffett saying this week to the president effectively, my words, not his, don't give in here. don't give in on taxes. threaten to go over the fiscal cliff. it's not going to kill the economy any worse. how does the president work his will here? how does he get to the kind of compromise that david cody wants and other ceos, while still saying i've won this election and i need to drive things in the direction i think is best? >> i think he's got to govern by the commitments made during the campaign. and i think he will. this is about fairness. why do we need to deal with the tax on the rich first? because we must assure americans we are dealing with fairness. we keep talking about shared sacrifice. there was not shared wealth and shared prosperity. so you're asking people that didn't enjoy the good times to share in paying for the tab that they never enjoyed. so i think that when we first deal with the taxes, as you raised in your first point, and then go from there talking about how we deal with entitlements and all, you have
.6% last december. that's the number of homes starting to be built. is the recovery real? warren buffett, self-developer and one of the world's richest men, says yes. >> we have building supply companies and we're seeing prices moving up somewhat, we're seeing demand improve, we're seeing the overhang of houses diminish, so we're coming back. >>n the other hand, the former federal reserve chairman alan greenspan told me, don't get excited yet. >> what's happening is real, it's slow, but we can exaggerate how big it is but it's certainly going in the right direction. >> joining me now is chris mayer, he's the professor and mayor of business school. jonathan, let me start with you. median home prices have risen for eight months in a row. the shiller index is up five months in a row. you say don't look at these prices so much. >> i think home prices is the worst thing to look at. the reason we're seeing prices uptick is we're seeing foreclosure activity at a lighter level than it would have been. banks discovered during the process while they held back on foreclosures, short sales were the
at the end of the year. and in today's "new york times" warren buffett calls for a, quote, minimum tax for the wealthy writing let's not forget about the rich and ultra rich going on strike. capital gains rates and ordinary income rates are increased. the ultra rich, including me, will forever pursue investment opportunities. buffett calls for the cutoff point to increase from $250,000 to $500,000, by the way. defensem democrats are facing pressure from interest groups who oppose changes to medicare and social security like this one from the aarp. >> some politicians think medicare and social security are just numbers in a budget. well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future of these programs into a last-minute budget teal, we'll all pay the price. >> and there's your potential pressure from the left. gop negotiators have put adjusting the measure of inflation which determines social security benefits back on the table, something the president had agreed to in 2011. majority leader harry reid has ruled that out this
on that point. do the markets care when you see the ceos and some of the wealthier people, including warren buffett today in the "times" saying, look, we have got to raise revenues by raising some taxes on wealthy individuals. we saw that from both buffet and radner, very prom negligent well-known financiers but ultimately endorsing what sounds like the obama position. do the markets look to those steps the way we do in politics and say this is more likely to get done or does it not work that way? >> look, the market is hanging on every single development in these negotiations. a couple of days ago leaders came out of the white house and said they had a pretty conciliatory meeting and everything seemed hunky dory at least in that one meeting and the market boomed. people are watching and waiting to see what's happened here. you've got a split on wall street. there are those folks who don't want to see tax increases no matter what under any circumstances ever. and then you have other folks like lloyd blankfein who said they don't mind tax increases on the wealthy as long as it helps us to ge
from the white house. it comes on the same day warren buffett writing in the "new york times" in an op-ed saying rich is $500,000 a year, and let's tax them. let's have a 30% minimum tax for the income above $1 million of rich people. look what he said here. the "forbes" 400, wealthiest individuals in america hit a new group record. $1.7 trillion, more than five times the $300 billion total in 1992. he says you know, my gang has done pretty well. so leave the middle class alone. and so these two kind of the 1-2 punch from the white house perspective, at least, today on what we should be doing in debt talks. >> buffett is interesting. he said he doesn't think it will be that big a deal if we go off the cliff. >> he says don't worry about raising taxes on investments and income from investments. he said, i will do a good deal, because it's a good deal. not because my taxes are going to be a certain rate. so he has pounded this -- beat this drum for some time. but this is the white house, the latest from the white house on the fiscal cliff and how it would hurt the middle class. >> christ
officials will behave like spoiled children, and warren buffett took the gop to school today, quote, let's forget about the rich and ultra rich going on strike and stuffing their ample funds under their mattresses if, gasp, capital gains rates and ordinary income rates are increased. the ultra rich, including me, says mr. buffett, will forever pursue investment opportunities. so he's calling for a minimum tax on millionaires and billionaires. will republicans listen? >> well, it's a sensible way. if we're going to have a deal, we will have to see some kind of compromise. a minimum tax on people making over $1 million a year can generate a half it trillion in a ten-year scale. if you include deductions you don't necessarily have to go to 39%. you can go to 37% if you are looking for compromise. but i think there's a bigger issue here as well, and that is the idea this is a slightly critical towards the democrats, the biggest issue that this country faces right now is getting us back to 4% economic growth, 3% or 4% economic growth and seeing wages increase right now. this whole idea that d
in that vein until there is progress. billionaire investor warren buffett telling cnbc this morning says he may go past the december 31 deadline but it won't take too much longer and he is confident that a deal will be reached that will somewhat satisfy all sides. the market is falling again on the "fiscal cliff" word. let's look at the numbers. dow down 67 points. nasdaq down by 22. s&p losing 9. apple shares giving up 1.5% this morning. back to you guys. >> thank you. , kcbs moneywatch reporter jason brooks. >>> time for a look at what's coming up later on "cbs this morning." >> norah o'donnell joins us live from washington, d.c. in the capital with more on the big show. good morning. >> reporter: that's right. good morning, frank and michelle. we are here in washington where you'll hear from supreme court justice scalia. the postmaster general, and senator amy klobuchar who is part of a record number of women now in the united states senate. plus a future free of household chores. we'll take you inside the bay area robot lab trying to make that happen. and how would the powerball jackpot cha
could reach in the middle. i think that's a huge concern. in fact, this morning we spoke with warren buffett about this very issue. he thinks there's a real chance we will get some sort of a deal but maybe not necessarily by december 31st. he thinks the middle of the party could work out a deal. they will go kicking and screaming and if the leadership feels they will lose their leadership position, that could make them drag their heels as well and not get a deal as quickly. if we go over december 31st, we'll see what happens with the markets at that point. >> dow 8,000. becky quick, sorry. thank you. >> reporter: thank you. >> up next, are republicans and conservatives on the verge of a breakup? >>> the republican party needs conservatives but do conservatives need the republican party? today we're taking a deep dive into where the two overlap and where they don't. go back to this past spring, just a month or so after mitt romney secured the nomination. author and veteran craig shirley wrote something that caught a lot of our eyes saying the party itself had about become nothing more
in the world. as warren buffett has been saying for the last 24 hours, are you really going to turn down a good investment opportunity just because the tax rates are a little higher in we're talking about a minor 4 percentage point increase in the upper end of the tax rate here. it's not life or death. you know, cutting the deficit and raising taxes, if they can't agree, which congress has shown themselves inability to agree. if they're not going to agree, maybe it's not the worst thing in the world for tax rates to go up and for the deficit to be cut. i think that could result in a big economic boom. >> wow. >> and then, let's say two weeks after we go over the cliff, after the 1st of january, they then cut attacks for everybody -- >> but here's the problem with that notion. it's not fine. but, john, it's not fine because a lot of ordinary middle class people -- >> that's the problem. >> -- are trying to spend money at christmas and they're deeply anxious about what's going to happen in january. and these people don't appear to have any regard for the fact that the majority of americans agree
and it says "four reasons why warren buffett" the ally of the white house on this "is wrong on tax hikes." >> but the interesting something that now any time anyone types up on twitter "my2k" which was a white house-created hashtag, you get the heritage foundation. >> among others. >> brown: among others. >> you would think that -- at the top. you would think that the obama administration would have bought their own tweet. >> brown: howie, what is the administration asking its supporters to do through this tash tag? i mean, is it just to get the word out or is there something more explicit? >> well, it's all about mobilizing public opinion which is easier to do when n a campaign when off clear choice-- barack obama or mitt romney. with the romney campaign having evaporated the democrats have an advantage on this. so obama for america, the digital group that was created to help get president obama elected to a second term has sent out an e-mail with graphics to its supporters on millions of people oner, the mail list urging them to get involved on the president's proposals and to share so
Search Results 69 to 111 of about 135 (some duplicates have been removed)